Enhanced 20 SMA Wave with Multiple Filters

15 часов назад

This advanced trading script blends the simplicity of a 20-period Simple Moving Average (SMA) with optional confirmation filters and a visually dynamic wave effect. Designed to cater to traders of all levels, this indicator offers unparalleled customization and precision, making it an essential tool for informed decision-making.

Key Features
1. 20 SMA Wave Visualization:
A visually engaging wave effect dynamically wraps around the 20 SMA, making it easy to identify bullish and bearish conditions at a glance.
Personalize your chart by customizing:
Wave thickness and opacity.
Colors for bullish and bearish zones.
2. Optional Filters for Enhanced Signal Accuracy:
Elevate the reliability of your trading signals by enabling one or more of the following filters:

RSI (Relative Strength Index): Configure overbought and oversold thresholds for momentum-based confirmation.
CCI (Commodity Channel Index): Identify extreme conditions to better time entries and exits.
MACD (Moving Average Convergence Divergence): Filter trades using crossover-based trend signals.
Stochastic Oscillator: Refine entries by identifying overbought and oversold market states.
3. Dynamic Signal Alerts:
Get real-time BUY/SELL alerts based on SMA price crossovers, enhanced by the filters you’ve enabled.
Fully compatible with TradingView’s notification system for desktop, mobile, and email alerts.
4. Visual Markers for Easy Interpretation:
Clear BUY/SELL markers are plotted directly on the chart to display precise trading signals.
Perfect for backtesting or live trading sessions.
5. Fully Customizable Settings:
Adjust the SMA length, wave opacity, and filter settings to suit your trading style—whether you're a scalper, swing trader, or trend follower.
Enable or disable specific filters to align the indicator with your preferred strategy, providing full flexibility and control.
How It Works
Buy Signal: Triggered when the price crosses above the SMA, combined with confirmation from any active filters.
Sell Signal: Triggered when the price crosses below the SMA, filtered by bearish confirmations.

This indicator adapts to your needs: choose which filters to activate for tailored precision that matches your trading approach.

Who Should Use This Indicator?
This tool is ideal for:

Day Traders: Focus on short-term opportunities with high precision.
Swing Traders: Analyze trends with the added context of confirmation filters.
Trend Followers: Stay on the right side of the market with dynamic wave visualization and alerts.
Whether you’re just starting or a seasoned trader, the Enhanced 20 SMA Wave helps you make more confident trading decisions.

Disclaimer
This script is for educational and informational purposes only. Trading carries significant risks, and no indicator can guarantee success. Always trade with proper risk management and use this tool as part of a well-rounded strategy.